The Rs 2,480-crore LEAP India IPO entered its third and final day of bidding on August 11, with the grey market premium hovering around 8%. Backed by KKR and showing strong 66% YoY profit growth in FY26, analysts recommend a subscribe for long term despite aggressive valuations.

LEAP India dominates India’s organised pallet-pooling market, but high valuation, acquisition-led growth, negative free cash flow and modest returns warrant caution.

The KKR-backed LEAP India IPO entered its second day of bidding on August 10, 2026, with an overall subscription of 26% on Day 1. Commanding a 10% grey market premium, the Rs…